GOLD AND SILVER COINS AND BULLION – Adds to existing law to establish provisions regarding the use of gold and silver coins and bullion.

Idaho's S 1127 establishes legal rules for using gold and silver coins/bullion as payment. It defines terms, sets dollar values based on metal weight and market rates, and requires the state controller to publish daily exchange ratios. The bill allows residents and businesses to pay certain taxes, fees, and debts using gold/silver coins or bullion (e.g., contracts can include "gold clauses" for payment), while prohibiting state seizure of these metals. It directly affects Idaho taxpayers, businesses entering contracts, and state agencies handling payments. The law does not make gold/silver mandatory currency but creates a framework for its use as legal tender under specific conditions.